Multifamily

GLASSBORO, NJ-The financing funds the recent acquisition by partners Perseus and Quinn of the 385-unit Park Crest Village.

PHILADELPHIA-The city council approves a zoning change allowing the developer of 1352 Lofts to build a mixed-use complex at the southern end of Broad Street.

ST. LOUIS-The companies are partnering on 160,000 sf of retail (with General Growth), 525,000 sf of office, a hotel and almost 300 multifamily units in Downtown.

DENVER-Locally based OPM management Corp. sells the 20-year-old complex to Rreef for $20.2 million.

AUSTIN-East Avenue Investment Group's project will get the world's fourth Hyatt Andaz. Work begins in late 2008 on the hotel and 600,000 sf of office.

HOUSTON-The developers will break ground in mid-October on the 312-unit Broadstone Cypress. Meanwhile, work has just begun on 353-unit Broadstone Walker Commons.

SAO PAULO, BRAZIL-GoldenTree is already active in the country, but plans to step up its presence in promising markets.

EAST ORANGE, NJ-Pending asbestos remediation and building demolition, Evergreen Place will bring new offices, retail and residences to two Downtown acres.